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For a firm with long-term debt, net income is equal to: A. Pretax income - Interest expense - Taxes. B. EBIT - Taxes. C. Taxes
For a firm with long-term debt, net income is equal to: A. Pretax income - Interest expense - Taxes. B. EBIT - Taxes. C. Taxes + Addition to retained earnings. D. Pretax income (1 - Marginal tax rate). E. Dividends + Addition to retained earnings.
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